FTSE soars on further US stimulus hints

clock

The FTSE climbed 1.1% this morning to 5724.37 after rumours of more quantitative easing from the Federal Reserve gained momentum last night.

Yesterday, the Dow Jones closed up 0.09% at 11,020.40 on the back of hints the US government will pump money back into the economy. The Nasdaq also closed up by 0.65% to 2417.92 last night. In the UK, Fresnillo shares hit 1288p after a 3.79% rise. Petrofac grew by 4.81% to 1482p, whilst Hammerson shares hit 429.4p after a 3.42% rise. However, Standard Chartered took a tumble this morning, dropping 3.59% to 1840p following news of its $5bn equity raising plan. Burberry was also a drag on the index down 3.37% to 1004p while Barclays fell 2.64% to 287.5p. In Asia, the Nikkei 225 close...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Trump's presidency and tariffs: Advice industry shares views

Trump's presidency and tariffs: Advice industry shares views

‘Stark raving mad’ but ‘great’ for US firms

Isabel Baxter
clock 18 February 2025 • 4 min read
Five-fold surge in advisers buying gilts for clients in 2024

Five-fold surge in advisers buying gilts for clients in 2024

AJ Bell finds 436% increase in gilt purchases on its Investcentre

Isabel Baxter
clock 10 February 2025 • 1 min read
Bank of England cuts interest rates by 25bps to lowest level in 18 months

Bank of England cuts interest rates by 25bps to lowest level in 18 months

First MPC meeting of the year

Sorin Dojan
clock 06 February 2025 • 3 min read